Somewhere Moonbat Sean Penn is sobbing with dramatic tears…..

VENEZUELA –  “I want to get out of here. I want to leave this country as soon as possible and never come back.”

The text from my friend Luis surprised me. A lawyer by training, he got his masters in urban planning from an elite Manhattan university, and had returned to Venezuela full of hope. He was hired by a local NGO working on poverty abatement issues. But now, he’s fed up.

“Nothing works. There are lines to buy everything. Prices have gone through the roof. You can’t go out at night for fear of getting shot. If you want to get married, finding a place to live is impossible. The country has become unlivable.” (more…)

Venezuela, in a squeeze for hard currency, devalued its currency for foreigners another 44%, following an initial devaluation of 32% by Chavez in February.  The move is seen as a necessity to keep Venezuela from defaulting on sovereign debt when reliance on excessively high levels of public spending has been the tool of Chavez and his successor, Maduro, to maintain their grip on power.  It is the 6th such major devaluation in a decade.
The move is essentially a bookkeeping sleight-of-hand – it allows the Venezuelan central bank to balance its books by “earning” more Bolivars for its oil export sales, at a time when overall sales volume has decreased dramatically.